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Topic: Book Reports
Number of pages / Number of words: 7 / 1829
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A special cost of unexpected inflation: Arbitrary redistributions of wealth

Unexpected inflation redistributes wealth among the population in a way that has nothing to do with either merit or need (Lowe & Ellis, 2003, p293).

These redistributions occur because many loans in the economy are specified in terms of the unit of account – money (Gans et al, 2005, p...


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A special cost of unexpected inflation: Arbitrary redistributions of wealth

Unexpected inflation redistributes wealth among the population in a way that has nothing to do with either merit or need (Lowe & Ellis, 2003, p293).

These redistributions occur because many loans in the economy are specified in terms of the unit of account – money (Gans et al, 2005, p...


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